HK Stock Market Move | MIDLAND HOLDING (01200) opened nearly 9% higher after its profit rose. It is expected that both the mid-term profit before tax and the net profit attributable to equity holders will achieve significant growth.

MIDLAND HOLDING (01200) opened nearly 9% higher after the profit announcement, with a gain of 8.94% as of the time of writing, at HK$2.68, with a trading volume of 938,000 Hong Kong dollars. On the news front, MIDLAND HOLDING issued a statement stating that based on the group's existing information and a preliminary review of the unaudited consolidated management accounts for the five months ended May 31, 2026, the group achieved a profit before tax of approximately HK$300 million. This represents an increase of about 69% compared to a profit before tax of approximately HK$178 million for the six months ended June 30, 2025. The group expects significant growth in the profit before tax for the six months ending June 30, 2026, and anticipates achieving a new high in its performance in 20 years. The announcement stated that the significant increase in profit of the group was mainly due to: a significant increase in the profit before tax of "Midland Realty" and "Hong Kong Property" for the five months ended May 31, 2026, while all other business units of the group were profitable; an increase in the overall market share of the group, especially in the second-hand residential market; and the group's continued efforts to improve operational efficiency, focusing on retaining and attracting top talent to provide quality services to customers.